Qualcomm jumps as AI sparks rebound in Chinese smartphone market

Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump.

"They further represent an upside for Qualcomm because majority of the recovery is also going to be driven by Chinese OEMs this year, coming from a tough last two years." The company, the biggest supplier of smartphone chips, was on course to add more than $8 billion to its market value based on premarket movements. Other semiconductor firms such as Arm and Broadcom rose 2.8% and 2.4%, respectively.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Qualcomm jumps as AI sparks rebound in Chinese smartphone marketSales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher...
स्रोत: YahooFinanceCA - 🏆 47. / 63 और पढो »

TSX set for muted open after three-day record run; gold and oil stocks to limit declinesExplore stories from Atlantic Canada.
स्रोत: SaltWire Network - 🏆 45. / 63 और पढो »